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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-09-09 21:23
European carbon prices reversed early losses on Monday morning to reach midday marginally higher as natural gas continued to lead the way, with participants reporting an uptick in dip-buying.
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Philippines govt, UN agency launch €104-mln initiative to support sustainable farming

Carbon Pulse - Mon, 2024-09-09 21:20
A UN agency and the government of the Philippines announced today the launch of an over €100-million project to support local farming communities and protect the country's fragile ecosystems.
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China to add three sectors to national ETS this year, first compliance deadline set for 2025

Carbon Pulse - Mon, 2024-09-09 20:35
Cement, steel, and aluminium will be brought into China's emissions trading scheme this year with the first compliance deadline for the new participants set for the end of 2025, according to a policy draft released Monday.
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The solar pump revolution could bring water to millions of Africans but it must be sustainable and fair | Alan MacDonald

The Guardian - Mon, 2024-09-09 20:00

Solar power could enable 400m Africans without water to tap into groundwater aquifers. However, we must ensure smaller projects do not lose out in the rush for new technology

It’s a truly dreadful irony: for many of the 400 million people in sub-Saharan Africa who lack access to even a basic water supply, there is likely to be a significant reserve in aquifers sitting just a few metres below their feet.

Groundwater – the water stored in small spaces and fractures in rocks – makes up nearly 99% of all of the unfrozen fresh water on the planet. Across the African continent, the volume of water stored underground is estimated to be 20 times the amount held in lakes and reservoirs.

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Methane leaks from coal mines need more regulation -report

Carbon Pulse - Mon, 2024-09-09 19:51
Methane leaks from Queensland’s many coal mines are not being adequately addressed by the government or Australia’s beefed up Safeguard Mechanism, driving emissions up that should be falling, according to a report from an environmental law firm.
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India launches draft green hydrogen certification scheme

Carbon Pulse - Mon, 2024-09-09 19:36
The Ministry of New and Renewable Energy (MNRE) in India has launched a draft of its green hydrogen certification scheme with an aim to provide a framework for the measurement, monitoring, and certification of green hydrogen production in the country.
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Sharks deserting coral reefs as oceans heat up, study shows

The Guardian - Mon, 2024-09-09 19:00

Climate crisis is driving key predators from their homes and threatening an already embattled ecosystem

Sharks are deserting their coral reef homes as the climate crisis continues to heat up the oceans, scientists have discovered.

This is likely to harm the sharks, which are already endangered, and their absence could have serious consequences for the reefs, which are also struggling. The reef sharks are a key part of the highly diverse and delicate ecosystem, which could become dangerously unbalanced without them.

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Fossil fuels’ ties with the university sector far-reaching and underestimated, study finds

Carbon Pulse - Mon, 2024-09-09 17:44
The fossil fuel industry has been able to use its ties with the university sector in multiple countries to fund research that promotes its own interests and acts as a form of climate obstructionism in ways that have yet to be fully realised, a recently published study has found.
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Australian agtech outfit forms another strategic alliance to develop carbon projects

Carbon Pulse - Mon, 2024-09-09 14:32
An Australian agtech company has formed a strategic alliance with a local carbon project developer in a bid to expand its presence in the market, it announced Monday.
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Which rural area will take the UK’s nuclear waste?

BBC - Mon, 2024-09-09 10:20
The UK's nuclear waste needs a permanent home - but finding a community willing to take it is tricky.
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Fairtrade charity says people are making ‘conscious’ choice to buy its products

The Guardian - Mon, 2024-09-09 09:01

Group praises nearly 70% of UK adults who bought Fairtrade products in past year despite cost of living crisis

Nearly 70% of UK adults have bought Fairtrade products such as bananas, tea or coffee in the past year despite pressure on personal finances, as concern that the climate crisis could push up the price of imported food drives “conscious consumerism”, the charity said.

Against the backdrop of this year’s big spikes in the price of coffee and cocoa, a YouGov poll, commissioned by the Fairtrade Foundation, revealed that 79% of Britons were concerned that climate breakdown could affect the price of food while 69% were worried it could disrupt supply to the UK.

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Almost 68% of Australia’s tourism sites at major risk if climate crisis continues, report says

The Guardian - Mon, 2024-09-09 01:00

Uluru, the Daintree and Bondi beach among iconic Australian locations that could be impacted if planet hits even 2C of warming by 2050

South Australia’s wine regions shrouded in bushfire smoke, the Daintree rainforest cut off by flooding and tourists marooned at major airports because of violent storms. This snapshot is the potential chaotic future for Australia’s tourism industry, a new report has warned.

At least half of 178 tourism assets around the country – from national parks to city attractions and airports – are already facing major climate risks, the analysis showed. And as the heat rises, so do the disruptions. Many of the country’s 620,000 tourism jobs will be under threat, according to the report from insurance group Zurich and economic analysts Mandala.

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